Is Shiloh Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shiloh Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Shiloh Township has remained a Seller's Market.

Key Takeaway

Shiloh Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Shiloh Township, IL

How much do homes in Shiloh Township, IL cost?

Median Sold Price

$165,000

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,750(+10.6%)

Key Takeaway

Homes in Shiloh Township have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Shiloh Township was $165,000 in November 2024, up 10.6% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $78.5K$95.4K
+21.6%
3 $145K$162.5K
+12.1%
4 $179.9K$203K
+12.8%
5+ $238.5K$430K
+80.3%

Summary: Shiloh Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 80.3%.

Median Sold Price Compared To Nearby Cities

Shiloh Township
+10.6%
Mount Vernon
-0.4%
Mount Vernon Township
-1.8%

Housing Supply in Shiloh Township, IL

How many homes are available in Shiloh Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1718+5.9%

Summary: The Shiloh Township real estate market had 18 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 1311
-15.4%
4 34
+33.3%
5+ 11
0.0%

Summary: The Shiloh Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shiloh Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Shiloh Township in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Shiloh Township, IL

How long does it take to sell a home in Shiloh Township, IL?

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days28 Days-41.2%

Summary: Homes in Shiloh Township had an average of 28 days on market in Nov 2024, down by 41.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shiloh Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Shiloh Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Shiloh Township, IL

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